Financial Daily from THE HINDU group of publications
Tuesday, June 06, 2006
Agri Prices (June 05)
Sugar S301883 (1880)
Ground ready475 (472)
Coconut oil ready4860 (4975)
Pepper garbled ready6900 (6900)


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AGRI-BIZ & COMMODITIES

COMMODITY EXCHANGES
MCX, NYMEX in pact for energy futures
The Multi Commodity Exchange of India Ltd (MCX) and the New York Mercantile Exchange (NYMEX) on Monday entered into an exclusive licensing agreement for launching mini-NYMEX energy contracts on MCX. Mr Sharad Pawar, Union Food and Agriculture ... More

FARM CREDIT
Banks told to claim subsidy on farm credit every quarter
Banks have been asked to claim the two per cent interest subsidy on farm credit announced in the Budget, on a quarterly basis, beginning the current quarter ending June 30. In a circular issued to banks on Monday, the RBI also asked banks to ... More

AQUACULTURE
Monsoon fishing woes
By implementing the annual monsoon trawl ban effectively and fairly, Kerala can show others how to manage fisheries resources and conflicting resource users in a reasonable and healthy manner. More

INSIGHT
Grains of failure
A 3.9 per cent contribution by the farm sector to the overall 9.3 per cent GDP may look rosy, but the actual scene is thornier. Needed are farmer-centric correctives. More

PLANTATIONS
Pvt players may be allowed to invest in forest lands
The private sector may soon be able to invest in plantations that would help restore degraded forest area and in community land provided they share the benefits with stakeholders including local community and landowning agency. The Ministry of ... More

RUBBER
Spot rubber prices recover
Rubber continued to recover from its sharp losses incurred during the previous sessions. Covering groups and purchase agents took advantage of the firm overseas indices and unfavourable weather forecasts to initiate the up trend. Sheet rubber ... More

SUGAR
Pvt sugar mills making inroads into Maharashtra
Seen as heralding the end of cooperative monopoly More

Sugar stocks set to ride upswing
Good news awaits the sugar sector. According to industry experts, between now and October next (new crop), sugar prices are likely to see a 10-per cent upside from the current levels of Rs 2,000 a quintal. Sugar sector stocks have witnessed ... More

Sugar weak
Sugar spot prices ruled weak onthe Vashi wholesale market on Monday on scattered buying from retailers amid steady inflow. Small grade (S-30) was down Rs 5 at Rs 1,883-1,925 per quintal over previous day, while medium grade (M-30) was also down ... More

TEA
W. Bengal, Tea Board, Apeda to sign MoU soon
AEZ for Darjeeling tea gardens More

WATER
NGO concern over Kolleru fish tanks destruction
Lok Satta, a non-governmental organisation, has said that the destruction of fish tanks in the Kolleru lake area could not bring back the past glory of the lake. Dr Jayaprakash Narayan, National Convener of Lok Satta, said the massive operation ... More

GOLD & SILVER
Precious metals move further
Standard gold prices were up Rs 70 at Rs 9,580 per 10 gm from Rs 9,510 per kg. Pure gold (99.99 fineness) was up Rs 65 to close at Rs 9,625 per 10 gm from Rs 9,560. Silver (.999 fineness) price was up Rs 95 to close at Rs 18,665 from previous ... More

FOODGRAINS
Kerala flays move to raise ration prices
The Kerala Government has come down heavily on the Centre's move to raise the prices of rice and wheat sold through the public distribution system (PDS) by cutting back on subsidy. Also under fire from the State Government is the Centre's ... More

OILSEEDS & EDIBLE OIL
Oilmeal exports up 29 per cent
The country's oilmeal exports increased by 29 per cent to 6,55,550 tonnes during April and May compared with 5,06,750 tonnes during the same period a year ago. This is on account of higher export of soyabean meal. During the review period, ... More

Vanaspati to cost more
Prices have already gone up by about Rs 10-15 per 15 kg in the last two days after the Centre's announcement of canalisation of vanaspati imports through the National Agricultural Co-operative Marketing Federation (Nafed) from Sri Lanka. After ... More

Edible oils rise further
RBD palmolein, groundnut oil and imported crude soya oil moved up on the local edible oil market on Monday on some quick buying. Groundnut oil raw was up Rs 3 at Rs 475 per 10 kg on some enquiries. Imported crude soya oil was up Rs 4 at Rs 385 ... More

COCONUT & COPRA
FCEI set to re-launch copra futures
The First Commodities Exchange of India (FCEI) Ltd is all set to re-launch trading in copra futures. But copra being a more complex material than coconut oil, there are various technicalities involved in its quality assessment ... More

SPICES & CONDIMENTS
Spices exports touch all-time high
Total value realisation crosses $500 m More

Pepper futures market steady
Lack of buying support More

Value-addition pays
ADDING FLAVOUR: Spices kept for sale at a market in Kochi. Value-addition of spices before export improves export earnings. Though Indian spices account for 46 per cent of the global trade, in value terms they make up only 25 per cent. ... More

COMMODITY MARKETS
Nod soon for banks' participation in futures: FMC Chairman
The Forward Markets Commission (FMC) has recommended participation of mutual funds and foreign institutional investors in bullion and crude oil futures. This was stated by Mr S. Sundareshan, Chairman of the commission, who was in the city on ... More

EVENTS
Bangalore Bio begins tomorrow
Agri-biotech to be focus of the meet; Industry targets 30-40 pc growth More






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